BG Staffing, Inc Stock Forecast
BG Staffing, Inc stock price ended at $10.41 on Thursday, after gaining 1.07%.
(Updated on Mar 28, 2024)
The BG Staffing, Inc stock price gained 1.07% on the last trading day (Thursday, 28th Mar 2024), rising from $10.30 to $10.41. During the last trading day the stock fluctuated 3.09% from a day low at $10.18 to a day high of $10.50. The price has risen in 6 of the last 10 days and is up by 5.47% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately $102.45 thousand.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.17% during the next 3 months and, with a 90% probability hold a price between $9.86 and $11.36 at the end of this 3-month period.
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BGSF Signals & Forecast
Mostly positive signals in the chart today. The BG Staffing, Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $10.24 and $10.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 21, 2024, and so far it has risen 12.18%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). BG Staffing, Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The stock had a Golden Star Signal on Thursday, January 18, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, January 18, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for BG Staffing, Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $9.53 and $9.44. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, BG Staffing, Inc finds support just below today's level at $9.53. If this is broken, then the next support from accumulated volume will be at $9.44 and $9.40.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.315 (3.09%) between high and low. For the last week, the stock has had daily average volatility of 1.89%.
Our recommended stop-loss: $9.98 (-4.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (BGSF) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect BG Staffing, Inc to open at $10.36, and during the day (based on 14 day Average True Range), to move between $10.16 and $10.66, which gives a possible trading interval of +/-$0.253 (+/-2.43%) up or down from last closing price. If BG Staffing, Inc takes out the full calculated possible swing range there will be an estimated 4.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.44 (0.29%) than the support at $9.53 (8.45%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is BG Staffing, Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for BG Staffing, Inc stock to perform well in the short-term.
Current score: 4.546 Buy Candidate Unchanged
Predicted Opening Price for BG Staffing, Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$10.36 ( 0.464%) | $10.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BGSF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.68 | 2.56 % | |
R2 | 10.56 | 1.41 % | ||
R1 | 10.48 | 0.692 % | ||
Current price: | 10.41 | |||
Support | S1 | 10.24 | -1.62 % | |
S2 | 10.17 | -2.33 % | ||
S3 | 10.05 | -3.49 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.60 | 1.83 % | |
R2 | 10.52 | 1.06 % | ||
R1 | 10.44 | 0.288 % | ||
Current price | 10.41 | |||
Support | S1 | 9.53 | -8.45% | |
S2 | 9.44 | -9.32% | ||
S3 | 9.40 | -9.70% |
BGSF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 08, 2024 | Feb 16, 2024 | Feb 27, 2024 | $0.150 | 1.49% |
2 | Nov 17, 2023 | Nov 17, 2023 | Nov 28, 2023 | $0.150 | 1.51% |
3 | Aug 18, 2023 | Aug 18, 2023 | Aug 28, 2023 | $0.150 | 1.56% |
4 | May 04, 2023 | May 12, 2023 | May 22, 2023 | $0.150 | 1.64% |
5 | Feb 13, 2023 | Feb 22, 2023 | Mar 02, 2023 | $0.150 | 1.05% |
FAQ
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